Metaplanet raises $255M and adds warrant structure for Bitcoin buys

Metaplanet raised $255 million and launched new warrants to fund more Bitcoin purchases as it pushes toward a 210,000 BTC treasury target.

Metaplanet said Monday it raised $255 million in a private placement and launched a new warrant structure to fund additional Bitcoin purchases.

Metaplanet raised about $255 million from institutional investors through a private placement of new shares, according to the company.

The private placement priced new shares at a 2% premium, paired with fixed-strike warrants at a 10% premium, which, if exercised, could add $276 million in additional capital as “firepower” toward the company’s goal of amassing 210,000 Bitcoin (BTC), according to CEO Simon Gerovich.

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